Insider Buying: Ondo InsurTech (LON:ONDO) Insider Acquires 34,000 Shares of Stock

Ondo InsurTech Plc (LON:ONDO) insider Graham Bird acquired 34,000 shares of the business’s stock in a transaction that occurred on Thursday, June 25th. The stock was bought at an average cost of GBX 6 per share, for a total transaction of £2,040.

Ondo InsurTech Price Performance

ONDO stock traded up GBX 0.56 during trading hours on Friday, reaching GBX 6.86. 13,426,270 shares of the stock were exchanged, compared to its average volume of 1,729,652. The firm’s 50-day moving average is GBX 4.64 and its 200-day moving average is GBX 13.13. The company has a market cap of £10.28 million, a price-to-earnings ratio of -1.14 and a beta of 0.85. Ondo InsurTech Plc has a 12 month low of GBX 2.80 and a 12 month high of GBX 35.

About Ondo InsurTech

Ondo is a world leading provider of claims prevention technology for home insurers. Ondo’s focus is on the global scale-up of LeakBot – claims prevention technology that prevents water damage claims in houses. Water damage is the single biggest cause of home insurance claims, accounting for $17bn of claims every year in the USA and UK combined. LeakBot is a patented self-install solution that connects to the home wireless network and, if it detects a leak, notifies the customer via the LeakBot mobile app and provides access to a team of expert LeakBot engineers to ‘find and fix’ the problem.